MidCap Financial Investment Co. (NASDAQ:MFIC) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC decreased its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 85.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,156 shares of the company’s stock after selling 82,500 shares during the quarter. Arete Wealth Advisors LLC’s holdings in MidCap Financial Investment were worth $190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MFIC. Brown Brothers Harriman & Co. purchased a new stake in shares of MidCap Financial Investment in the 2nd quarter valued at approximately $81,000. HB Wealth Management LLC purchased a new position in shares of MidCap Financial Investment during the 2nd quarter worth approximately $153,000. Essex Financial Services Inc. acquired a new stake in MidCap Financial Investment in the 2nd quarter valued at approximately $154,000. ProShare Advisors LLC purchased a new stake in MidCap Financial Investment in the second quarter valued at approximately $159,000. Finally, Cetera Advisors LLC acquired a new position in MidCap Financial Investment during the first quarter worth $161,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MFIC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $14.00 price objective on shares of MidCap Financial Investment in a research note on Tuesday, November 19th. Wells Fargo & Company cut their price target on shares of MidCap Financial Investment from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.71.

MidCap Financial Investment Trading Up 0.3 %

MFIC opened at $13.71 on Friday. The business has a fifty day moving average price of $13.63 and a 200 day moving average price of $14.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 8.51 and a quick ratio of 8.51. MidCap Financial Investment Co. has a 12 month low of $12.26 and a 12 month high of $16.36. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.79 and a beta of 1.49.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.09%. MidCap Financial Investment’s payout ratio is 97.44%.

MidCap Financial Investment Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.